Monday, September 27, 2010

 

Get out of the stock market

What are you waiting for?

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Thursday, September 23, 2010

 

Ravinia in September


Tuesday, September 21, 2010

 

Theodore Roosevelt National Park

Tuesday's Hike: 11.4 miles. I asked the Ranger for a suggested route and opted for that instead of my planned route. I'm glad her detailed description included the part about crawling through a hole in the fence to start otherwise I probably would not have gone ahead.



This trail was not the beaten path that I have usually encountered on my hikes. Often times there was no real trail but rather a marker on the horizon that you could locate and then navigate towards. I took a picture of this one and labeled it but you have to click on the photo for the enlarged image to actually see the marker.









Thursday, September 16, 2010

 

Economy Caught in Depression, Not Recession

Writing in his daily briefing to investors, Rosenberg said the Great Depression also had its high points, with a series of positive GDP reports and sharp stock market gains.

But then as now, those signs of recovery were unsustainable and only provided a false sense of stability, said Rosenberg.

I have been writing about our current economic situation for at least 5 years. (And yes, this is a pat on the back.) Now that we are in the middle of this mess it is a good thing to remember that getting out of it will require asset prices to fall relative to incomes to a ratio that will make even the most frugal willing to invest and buy. Until then it is a good idea not be patient.

To get out of a depression, a country’s consumers and businesses must pay down the debts they have accrued. Only then can demand for consumer and capital goods pick up. Government can, however, accelerate this process through public subsidies to individuals, businesses, and banks, and through jobs programs. If government decides not to stimulate spending and demand, as occurred in the United States in 1938 or in Japan in 1998, it can cause a regression in the recovery and prolong the process over a decade.

It is a better idea to watch those in power because they will have a lot to do with when we get on the right road. The above quote is so ignorant as to be breath taking. Japanese debt/GDP level is above 200% and this guy is saying they gave up on stimulative spending in 1998?

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Wednesday, September 15, 2010

 

Meghan McCain is a moron

Who knew?

This presented a dilemma.

It is impossible to read Dirty, Sexy Politics and come away with the impression that you have read anything other than the completely unedited ramblings of an idiot. This being a professional website for which I have a great deal of respect, I searched for a more eloquent or gentle way to accurately phrase the previous sentence – but could not find one.

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Thursday, September 02, 2010

 

Rally imminent


Stock market setting up for a sharp rally above the early August peak. That's 10,719 in the Dow.

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Wednesday, September 01, 2010

 

RIP Juliet

The stars in the sky are light years away and to the distant observer radiate long past their time. Just when it is that the source extinguishes is relative to the observer but there is one light that has indeed gone dark. I am sorry for that.


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